Unfair Claims Practice

Definition of "Unfair claims practice"

Barbara Moeller real estate agent
Barbara Moeller, Real Estate Agent RE/MAX Professionals

Abuse by an insurer in an effort to avoid paying a claim filed by an insured, or to reduce the size of the payment. The national association of insurance commissioners (naic) has developed model legislation requiring that claims be handled fairly and that there be free communication between policyholder and insurer. Many states have adopted unfair claims practice laws.


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